BANCFIRST-AUSTIN, N.A. Failed 1987

AUSTIN, TX · National commercial bank (OCC-chartered) · view on FDIC BankFind ↗

What happened

BANCFIRST-AUSTIN, N.A. of AUSTIN, TX was closed on 1987-12-10. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to TEXAS CAPITAL BANK-FORT (RICHMOND, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1575
FDIC Certificate
24703
FDIC FIN
2763
Bank name
BANCFIRST-AUSTIN, N.A.
Location
AUSTIN, TX
Failure date
1987-12-10
FDIC resolution date
1987-12-10
Charter type
National commercial bank (OCC-chartered)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$14M
Deposits at failure
$28M
Assets at failure
$25M
Acquiring bank
TEXAS CAPITAL BANK-FORT (RICHMOND, TX)